Why Botswana increased its De Beers Mining Deal from 25% to 50%

In this video we analyse Debswana a partnership between the Government of the Republic of Botswana and De Beers Group, formed in 1969. The company’s structure is a 50/50 joint venture through long-term investment. It operates four diamond mines in Botswana - Jwaneng, Orapa, Damtshaa and Lephenye - making it the world’s leading diamond producer by value and volume. Debswana is the leading private employer in Botswana with approximately 5000 employees and 6000 contractors, directed from their corporate center in Gaborone.
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[@chrisdanielchabalala281]

Just subscribed bro, this is serious quality.

[@melaninbotswana2474]

😂😂😂😂😂😂😂😂😂😂😢😢😢😢😢😢😢😢😢

[@khanyisafikilexayiya1369]

and we are told that investors will run away when South Africa does the same.

[@mrpickandstones]

😂😂😂i mean the politicians have a stake in the mining companies they wouldn't to lose their portion

[@reportthehype]

😂those shares were given to motsepe n Cyril

[@vona5251]

The botswana president had a good approach compared to malema. He is not dectating things. Look at how he gradually went from 10% to 50%. I am sure they had a target agreement which was met

[@khanyisafikilexayiya1369]

@vona5251 What does Malema have to do with this. Even ANC members have long been fighting for the Mining Act to be re-evaluated. People place so much Anger on Malema like he's the president of the country.

[@muindi]

Lies told by so called investors to get majority of the profits at the expense of South African citizens.

[@toyotagaz]

Botswana must also invest heavily in getting rid of their dependence on de beers

[@mandandi]

De Beers has been a good partner. Nothing wrong with this public-private partnership. You get rid of a problematic partner. No one can describe De Beers as such.

[@dimphodimplesmarata9456]

No thanks. Botswana owns 15% of debeers, why get rid of them when we are getting paid for all their operations across the globe?

[@ironore1000]

This is the same blinkered rhetoric and scorched earth policy found in Zimbabwe. Learn a little something called leverage.

[@keegokabelo1563]

You’re right and that’s why the government have heavenly invested the revenue generated from diamonds on education to generate a skilled workforce in the future , healthcare, and business friendly laws for ease of doing business in the country , and not to forget about infrastructure , they are also focusing on exporting renewable energy in the future because they just found ideal areas within country that can easily generate electricity via solar and wind 👍

[@owsebilolyr2808]

Botswana must diversify their industries and investments and made it competitive in case the diamond deposits runs out.

[@kingsleyrams742]

They are,especially in tech

[@mandandi]

True

[@kamzamosweu2269]

We are already doing that. In the past five years i have seen many made un Botswana products in the shelfs and our vegetable farming is getting better. We already have started fruit farming. We will get there.

[@mofine23]

We are my friend im sure when you look at inovation index you will find Botswana somewehere in top 5 in Africa. Im a product designer so yeah we are into to R&D of many things

[@mofine23]

Botswana diversification efforts are giving fruit watch the space

[@thubelihlesphelele7901]

It's about time. Time for South Africa to follow

[@dahabizizy]

Frist anc needs to control their corruption the money would end up some personals pocket and not the country like botoswana.

[@caresword]

They should use the money to build refining factories. Israel mins no diamonds but earns almost 10B annually from the market

[@user-pw6so9mk4p]

Government should always own over 50% of natural resources of the nation.

[@tanaka4016]

This is awesome! As world economies tighten and money gets more expensive, wise countries like Botswana are increasing revenue and development. I wish this kind of stable, wise, responsible leadership for other African countries.

[@firstcomment749]

The Botswana gov learned from the rest of Africa - they did not see themselves as the indistructable be all of wisdom + experience. They looked at their assets with a strategic mind, to gain from whats happening on the rest of the continent, in a disciplined, calm + collected way - without much ado. Well done to them.

[@kamzamosweu2269]

Yes because we are loyal to our country,

[@user-kt9jv6rh6d]

Namibia 🇳🇦 should follow suits this is good im happy for Botswana 🇧🇼 my neighbors

[@kgosijapie5859]

Namibia is the best country in southern Africa, with love from Botswana

[@tatendaVIDZ90]

Mined Diamonds are no longer a very safe bet to bet a future economy on though. Demand and earnings have been steadily but surely decreasing. Might be time to follow the Middle East oil playbook and start investing to grow other industries.

[@Nonkosi_]

This is the legacy of Seretse Khama. Khama was the founding father of Botswana's independence. A real legend. Unlike that sellout known as Mandela.

[@kgosijapie5859]

From Botswana here.. what makes you think that Mandela was a sellout?

[@kamvazenani4153]

@@kgosijapie5859 He doesnt know, he is just riding a social media trend.

[@user-pi7cw9mh9n]

​@@kgosijapie5859 mandera was a sellout

[@nkululekomajola7751]

What makes you say mandela was a sell out?

[@jonassavimbiunitaparty6876]

​@@kgosijapie5859Do your History about Nelson Mandela,Read ANC BILLIONAIRES and STELLENBOSCH MAFIA'S you will y Mandela was sellout in CODESA political agreements clauses which was negotiated by Cyril Ramabillion/Ramaphosa

[@mubitambandu1952]

Zambia 🇿🇲has followed suit with it's new mining deal with a 49% stake

[@DzoxEighty9]

Sir don't mislead the people. Zambia went from 100% in the Mopani asset to 49%. That's not following suit.

[@conceretejungle1150]

They went from 200 to 49 don lie😂😂

[@modisemakokwe4256]

PULA A ENE !!! ❤❤❤

[@Obonye3rd]

Masisi is a powerful president we ever had.

[@jobesithole5590]

You are blessed to have a decisive leader in Masisi. A man who has balls and puts Botswana first unlike our gangsters here in South Africa who take orders from white capital.

[@couchpotatoes9741]

🎉Let this be an example to all African countries. The world want s what you have and you have the right to demand your fair share of the profits.

[@bakangbdeep]

South Africa should learn from Bots

[@tristanmay4948]

I don't support that look at Transnet and eskom, and in fact, look at all state owned enterprises. They're falling, and you guys need to understand that the SA economy and Botswana are not the same. That's why we have Botswana people running to North West for a better life.

[@neinei6611]

What which Batswana run to North West? North West is one of the dead provinces in South Africa Batswana don't even go there to stay . Batswana travel overseas for better opportunities that is if they want to but they are not much of migraters

[@badass262]

⁠@@tristanmay4948😂😂😂😂… im sure you are talking about criminals that evade the country to run from the law. Stop harboring corruption by talking about Eskom, all problems can be solved…

[@clementk4650]

@@tristanmay4948 lol running to where??? bro we have Free education, we dont pay for health services etc,, to do what in SA??

[@DashcamandRingdoorbell-jg1rp]

I think Botswana Has the best governance in Africa

[@amouritadi2142]

It has been performing very well for years

[@hyacinthjarrett8637]

I hope that our governments are securing some of these precious stones in storage for the land. Some things are worth coping from others. Failure to store some of these precious metal one day other lands will have more tons e.g in store than us. Building the country's land and people is equally important. Africa should be in full leadership in all forms of mining and supportive infrastructure after all these years. Wake up Africa. Agriculture is vital but the it cannot be totally depended on. Permanent long term measures must be taken in addition. It's even more important when agriculture lacks the full development of a viable commercial industry to promote or sustain any population.

[@mathabathangoato2100]

President Masisi has balls than big nose ramaphosa

[@moonchildunsainted]

your president and politicians just dont care about you, its not that they have no ballz to fix your issues

[@maxnator]

I can see the Johnny Harris Inspiration, keep it up

[@yougetaspear7799]

🤔🤔

[@johna3166]

Why cant the stupid government of Ghana do this with its resources? Greed and corruption?

[@babsinnocent6287]

Very stupid and corrupt west African leadership poorly managing the west African oil resources..

[@bryankibet1587]

Kindly on your next video do how apple is using blood minerals in congo

[@zaurichjordaan8814]

The Norway of diamonds

[@rexona1178]

Governments role should be to create an enabling business environment. The ideal is to encourage free enterprise and open competition.

[@mandandi]

There is open competition in the Botswana mining sector. There are free enterprises as well.

[@lemogangpitsoe8592]

Cullinan is not in BOTSWANA though. It is a South African mine.

[@kulhemhlongo]

I like Masisi he has balls compared to his predecessors recently he declined to accept immigrants and the 20k elephants issues i like his double balled up attitude

[@darkgalaxy5548]

I'm still waiting for the elephants to arrive 🐘🐘🐘🐘🐘🐘

[@mandandi]

​@@darkgalaxy5548😂😂😂😂You want to herd them?

[@TheMightyKingzuru]

Fast forward to May 2024, Anglo-American has decided to pull out of the De Beers partnership with Botswana.

[@keabetswemachailo290]

BHP Billiton is buying anglo-american minus its Botswana and South African assets in debswana ; Anglo America platinum; Mumbai Iron ore.

[@mamotalemankoe3775]

You say that like it matters.

[@hipmugger5952]

Jus imagine takin 25% from your own shit.

[@moonchildunsainted]

thats not the whole story, theres taxes and Botswana owns 15 percent of Debeers. so the actual value after it all is bigger than the simple 25 percent, now going to 50 percent. and dont forget, governments arent good business people, its better for operations and business to be handled by corporations. and the other thing was that this was a totally poor country with no resources to even mine. it was a fair deal at the time, and the current is a fair deal too.

[@user-ih5qb2wc2o]

Day light robbery

[@Makaita.M]

Please Do a video on the infrastructure industry in Africa and how the improvements thereof will better the continent

[@kabzaify]

The government was already receiving 50 percent of the profits for debt beers mines in Botswana, Including 15 percent of Dec beers itself. The current deal simply we will sell up to 50 percent of production directly

[@mandandi]

Correct. And additionally, taxes were paid too, so the entire govt share could be up to 85% of the revenues. De Beers sold a larger share of the mined diamonds, while the govt sold a smaller share. From the share sold by De Beers, Bost got 15% of the profits, plus its share in Debswana. Complicated shareholding structure.

[@TheBout96]

Deposits are prolly running dry either way... de beers mined the shxt out of botswana

[@dimphodimplesmarata9456]

Bo they are not, production is is still high plus there are other possible diamondeferous sites in Botswana that have yet to be touched.

[@mlibowolela2009]

1966 to now yo and still only 30% with annual increase of 2% p/a for the next 10 years, not bad at all. Now they need to monetise private companies for local logistical support and processing of the rough diamonds to capture 70% value add processing processing to fully diversify economy 👌 big ups for this content

[@mandandi]

Diamonds were discovered in 1970 at Orapa. Jwaneng mine started operating later.

[@kamzamosweu2269]

They have already started to give local companies chance, the laws have been signed. In the coming years we are ready to see Batswana millionaires

[@tapiwajames341]

They need to create more investments through their SWF they can't rely on Diamonds

[@mariahkamogelomoloisane6276]

Batswana, in general, are very intelligent people. Also, consider what the Bafokeng are doing in Phokeng, South Africa, with the platinum deposit found on their land.

[@zawadix9574]

Their definetly not intelligent why don't they mine the diamonds themselves and keep 100%

[@Nonkosi_]

Having studied in NWU. I agree with you. Batswana are very humble people . NWU which was called UNIBO was actually the first ever University built by contributions from the community. That shows how much the Tswana value education. Tswana Professor Mamokgethi Phakeng also went there. She is the first ever Black woman in SA to obtain a PhD in Mathematics.

[@nejahdproductions3707]

@@zawadix9574 Because then, you'll have to purchase all the necessary equipment/machines to do it which is costly. I mean, Botswana citizens are learning how to do it themselves but it's a process.

[@marcopeel]

@@Nonkosi_this story mirrors how the university of botswana was built. The Tswana culture embues good governance and leadership . I don’t think it’s got anything to do with intelligence. If it’s a form of intelligence, it’s diplomatic intelligence

[@sihlesebuse2993]

You wouldn't even know intelligence even if it hit you in the face 😂😂😂​@@zawadix9574

[@mjayaurum9126]

the EFF's mandate,i hope God give then a chance,they would not be perfect but all i need from them is this

[@olefilegoitseoneishmael.mo8330]

The eff will only gain power if malema learns how to shut the f#xk up. He has set the party backwards in few months

[@tloutlou2655]

Now they say Belgium will ratify qmBotswana Botswana.

[@juniornam1186]

Do an episode on Namibia please

[@orkwape6387]

Not with the current weak leadership we have in South Africa.

[@JoshAda0650]

I'm rather extra-aware when signing contracts....if documents herein are official ones, at 3.28 minutes of the video instead of 'their' it's 'thier' which distorts the meaning of a contract.

[@pieterempiresmatch3852]

fast foward to after the contract does not get extended ????

[@moonchildunsainted]

its gets extended, but at that point its open to new negotiations and terms. basically thats what has been happening, every 10yrs the contract ends and sometimes the government negotiates a clause

[@playgirl7305]

Zimbabwe has more alluvial diamond reserves than Botswana, south Africa and the rest of the world combined.

[@zawadix9574]

Yeah then why do it's people struggle in poverty

[@bp6475]

@@zawadix9574 Which African country doesn't have the majority of its populations languishing in poverty while having untold riches underground.

[@zawadix9574]

@@bp6475 south Africa..... Botswana..... Namibia...... Gabon...... Mauritius...... Don't paint all African country as poor Egypt.... Morocco very rich powerful countries

[@darkgalaxy5548]

Keyword here- Alluvial.

[@kgosijapie5859]

So what??

[@stanleynkosikamthembu168]

Why? It is for the owners of the land, the Batswana, NO BIGGIE.

[@listenup2882]

Why credit this invader with the discovery of diamonds?

[@tebohomarou4335]

Ramaphosa won't do that bcz his white too

[@Riskon1]

Diamonds are losing their value lab grown diamonds market is growing. Good time to reduce shareholding

[@mpuangditlhong5199]

Originality vs Fake. All the more reason for us to carb out de beers to go and flood a market full of fake diamonds while we wait for those who want originality,integrity in their diamonds,millionaires out there will be willing to come buy direct

[@moksent003]

I'm liking this increase in African propaganda

[@maxnator]

propaganda how?

[@forthesubconscious6835]

I don't think you understand the meaning of "propaganda"